Archive for June 4th, 2008

source: BBC News

Zimbabwe opposition leader Morgan Tsvangirai has been detained by police during campaigning for the country’s presidential election, his party says.

A convoy carrying the Movement for Democratic Change leader was stopped at a police roadblock at 1000 GMT, party spokesman Nelson Chamisa said.

The MDC leader and his entourage were taken to a police station in the far west of the country, said Mr Chamisa.

“It appears they want to disrupt our campaign programme,” he said.

It comes as Zimbabwe prepares for [continue reading]

source: BOPA
04 June, 2008

GABORONE – The Domestic Company Index (DCI) closed last week 0.04 per cent higher as the Botswana Stock Exchange (BSE) closed the week with all major indices closing in the positive territory, a weekly market report from Motswedi Securities says.

The DCI ended the week at 6 934.71 points, while the (Foreign Company Index (FCI) and All Companies index (ACI) gained 0.01 per cent apiece to finish the week at 2 597.95 points and 2 756.48 points.

During the week, 584 485 shares valued at P2.3 million were traded on the local bourse.

According to the report, on a year to date basis, the DCI has softened by -17.71 per cent, whilst the FCI and the ACI have firmed by 18.04 per cent and 15.94 per cent respectively.

On the companies listed on the BSE, the highest gainer was Imara at 90 thebe to 950 thebe after the company announced that their year end profits will be above expectations.

Chobe went up by 8 thebe to 420 thebe after the release of [continue reading]

Craig Urquhart

4 June 2008

South Africa is picking up the pieces after one of its greatest tragedies in living memory. A nation that, for so long, has been a shining light for so many has shown its dark side.

As the government, the security agencies, civic organisations and millions of ordinary South Africans reach out to help those affected by xenophobic violence, the world is focusing on the country which has been chosen to host the quadrennial showpiece of international football.

2010 Local Organising Committee CEO Danny Jordaan has noted that the current crisis in South Africa, and the tragedy in China following the recent earthquake, have raised the levels of scrutiny, with both countries preparing to host mega sporting events.

“We can see the focus of attention on our countries, for completely different reasons, both of them tragic,” Jordaan said.

While Fifa has expressed its concern about the attacks on foreigners, it has reiterated its faith in South Africa to produce the goods. “We trust them, I trust them, and we will do this World Cup 2010 definitely in South Africa,” said Fifa President Sepp Blatter.

As we reflect on the issues that sparked the outbreak [continue reading]

source: BOPA
04 June, 2008

MASUNGA – Officers of the Department of Immigration and Citizenship and the Botswana Unified Revenue Service (BURS) at the Ramokgwebana border post have complained of poor working conditions.

Mr Molepi Chikumbudzi, the regional manager for BURS, said some officers lived in Francistown and commuted to work daily because of shortage of accommodation.

Mr Chikumbudzi told a meeting addressed by the Assistant Minister of Finance and Development Planning, Mr Samson Guma at the border post that officers worked under demoralising conditions.

Other border post officers expressed concerned about the frequent power cuts at their homes. Border jumpers took advantage of the darkness to cross into Botswana where [continue reading]

source: Mmegi
Staff Writer

The Botswana Stock Exchange started to shed off the bearish pattern and bounce back to positive trading as benchmark indices once again rose marginally last week.

The domestic counters, which have been on a free fall for the past six months, recuperated last week with strong gains registered in financial counters ABC and Imara, while RPC Data and BIHL also put up a solid performance.

As inflation continues to spiral upwards, investors’ appetite for stocks and other hedging instruments is set to considerably rise, given the relatively flat returns on the other fixed income instruments.

During the week under review, a total on 1.98 million shares valued at P7.7 million changed hands, the [continue reading]

source: SW Radio Africa
By Lance Guma
03 June 2008

Robert Mugabe again used an international platform on Tuesday to try and divert attention from his much maligned domestic policies, and blamed western countries for trying to foment what he termed, ‘illegal regime change’ through economic sanctions. A controversial trip to the World Food Summit in Rome, Italy was always going to be an ideal setting for Mugabe to try and repeat the same anti-west rhetoric that failed to prevent his March 29th election defeat by the MDC and its leader Morgan Tsvangirai. Mugabe with wife Grace and several government ministers traveled to Rome on Sunday for the United Nations sponsored summit of the Food and Agriculture Organisation. Although Mugabe and his inner circle are subject to a European travel ban, UN meetings are an exception.

Many could have scripted what would happen in advance with the 84-year old ZANU PF leader, who has just lost an election in his country, taking advantage of an international stage to blame everyone else but himself for the country’s problems. Mugabe predictably spoke about the controversial land reform exercise saying his was an attempt to undo colonial wrongs. Critics say he used the issue as a political weapon and rewarded his cronies with most of the farms. World leaders, the MDC and other human rights groups immediately slammed the visit as [continue reading]

source: BOPA
02 June, 2008

GABORONE – Government is not considering amending the Constitution to give Ntlo ya Dikgosi legislative powers, the Minister for Presidential Affairs and Public Administration, Mr Daniel Kwelagobe, said.

Answering a question from the Specially Elected Kgosi Shathani Kgakanyane in Ntlo ya Dikgosi last week, Mr Kwelagobe said the government had to uphold the current system of governance whereby bogosi did not get involved in active politics.

He said Section 85 (5) of the Constitution recognised the important role of Ntlo ya Dikgosi in the socio-economic and political development of this country.

The section states that Ntlo ya Dikgosi shall be entitled to discuss any matter within the executive legislative authority of Botswana of which it considers it is desirable to take cognisance in the interest of the tribes and tribal organisations it represents and to make representations thereon to the President, or to send messages thereon to the National Assembly.

Apart from the fact that [continue reading]

source: Mmegi

African Copper plans to start production at its Mowana mine next month and achieve 25 000 t a year after 2012, the company’s CEO said on Friday.

Joseph Hamilton said up to 5 500 t of copper contained in concentrate will be produced in 2008 and output will rise to 12 000 t in 2009.

“We expect to start (preliminary) production in July/August and then it will take three to four weeks to achieve commercial production,” he told Reuters on the sidelines of an African mining conference in London.

Hamilton said that output will reach 28 000 t in 2012 before declining to stabilise at 25 000 t for the rest of the mine’s life of 20-years.

“The project is looking fantastic and [continue reading]

source: BOPA
02 June, 2008

LOBATSE – Lobatse Senior Secondary School continues to receive donations two months after students lost all their property when the schools boys hostels were gutted by fire. One student died in the inferno.

The latest to help the school was the Local Enterprise Authority (LEA), Ramotswa branch that donated 50 pairs of trousers, 43 pairs of shoes, T-shirts, key holders and rulers.

Among the organisations that donated to the school since the incident happened are Barclays Bank, donated 60 blankets, 50 school jerseys and stationery.

Speaking at the handing-over of donation Friday, LEAs Director National Branch Network, Mr Wazha Tema, called for [continue reading]

source: Mmegi

Diamond giant De Beers rejected on Wednesday the repeated allegation that it exported diamonds irregularly in 1994, arguing that it had fully complied with the relevant South African legislation governing trade in the precious stones.

On Tuesday, Reuters reported that Parliament had agreed that a new task team be formed to investigate the records of De Beers, which was alleged to have exported a large quantity of diamonds to London during the 1990s.

The news agency report said the task team recommendation, contained in a public accounts committee report adopted by Parliament, re-opened a long standing dispute, which De Beers and a senior South African government official had last year claimed to be settled.

Further, it reported that the new task team, which would be [continue reading]

source: IOL
June 03 2008 at 03:17PM

Non-complaint products confiscated from companies nationally were on Tuesday destroyed, the SA Bureau of Standards (SABS) said.

Automotive, electronic and chemical products that did not comply with compulsory specifications, according to the SABS, were destroyed.

The SABS had studied all industries which it regulated for non-compliant products.

“Products were taken as samples, tested and if they did not comply a directive was put on them. Basically the owners were told not to sell the product because it wasn’t good,” SABS spokesperson Prince Moloi said.

He said compulsory specifications outlined that products had to meet certain requirements to be approved.

“The specifications mean that, for example, a television set has to be of good quality and must not affect the eyes when viewers watch it. Those destroyed did not meet the [continue reading]